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Koch Industries' private equity arm is in ongoing talks to purchase Forbes in partnership with another individual investor, sources tell Axios. The bid would value Forbes at approximately 10% less than its $630 million SPAC valuation from 2021. The private equity arm of Koch has previously invested in the Meredith/Time deal. The potential partner in the bid is serial entrepreneur Divyank Turakhia, a media entrepreneur. Forbes Marketplace, an affiliate link business that contributes significantly to Forbes' value, is also highlighted as an important aspect of the deal.
Sara is correct to highlight the importance of Forbes Marketplace, an affiliate link biz Forbes doesn’t own but contributes a significant amount of the company’s value. Fun rabbit hole here: https://t.co/4kqxCZyIL4 https://t.co/evuZhdUDpu
Sources: Koch's PE arm is in talks with a media entrepreneur to partner on a bid for Forbes valuing the company at ~10% less than its $630M 2021 SPAC valuation (@sarafischer / Axios) https://t.co/HJbz3vNJHF https://t.co/D8OmFRor17
Koch's PE arm is in talks with serial entrepreneur Divyank Turakhia on a bid to buy Forbes https://t.co/jwvMRAL5wW via @sarafischer
